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Smart grid cybersecurity spending forecast to hit $3.2bn

August 11, 2017

Global spending on smart grid cybersecurity is expected to almost double in the next decade, according to new research.

A report from Navigant Research states that it will rise from $1.8bn this year to nearly $3.2bn by 2026.

The study notes that as “electric power systems around the world increasingly embrace transformative concepts such as decentralization, automation, and digitization, their efforts are also expanding the surface area for cyberattacks”.

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